Search: Nominal interest rate
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RBA Glossary definition for Nominal interest rate
Nominal interest rate – The nominal interest rate refers to the cost of borrowing money before adjustment for inflation i.e. it includes compensation for the expected erosion of the value of the borrowed funds due to inflation. It is the cost visible to the borrower, and is composed of the real interest rate plus inflation.
RBA Glossary definition for interest rate
interest rate – The term used to describe the cost of borrowing money or the return to the owner of the funds which are invested or lent out. It is usually expressed as a percent per annum of the amount of money borrowed, lent or invested.
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3 July 2018 | Minutes of the Monetary Policy Meeting of the Board
17 Jul 2018
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 3 July 2018
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2018/2018-07-03.html
3 October 2017 | Minutes of the Monetary Policy Meeting of the Board
17 Oct 2017
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 3 October 2017
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2017/2017-10-03.html
3 November 2020 | Minutes of the Monetary Policy Meeting of the Board
17 Nov 2020
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 3 November 2020
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2020/2020-11-03.html
5 July 2011 | Minutes of the Monetary Policy Meeting of the Board
5 Jul 2011
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 July 2011
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2011/05072011.html
4 February 2020 | Minutes of the Monetary Policy Meeting of the Board
18 Feb 2020
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 4 February 2020
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2020/2020-02-04.html
Key Financial Developments Since the Wallis Inquiry | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…
1 Mar 2014
Submissions
Nominal interest rates eventually fell in line with the lower inflation compensation required. ... As nominal interest rates fall, borrowers can service a larger loan with the same repayment.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/financial-developments-since-wallis-inquiry.html
6 March 2018 | Minutes of the Monetary Policy Meeting of the Board
20 Mar 2018
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 6 March 2018
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2018/2018-03-06.html
1 December 2015 | Minutes of Monetary Policy Meeting of the Board
15 Dec 2015
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 1 December 2015
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2015/2015-12-01.html
Drivers of Demand | Submission to the Inquiry into Home Ownership June 2015 | Housing and Housing Finance | Submissions
1 Jun 2015
Submissions
In particular, the transition to a low-inflation regime, implying lower nominal interest rates, has significantly increased households' borrowing capacities relative to their current incomes, and therefore their capacity to service ... Graph 20. Over the
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-into-home-ownership/drivers-of-demand.html
Productivity Commission Inquiry on First Home Ownership
14 Nov 2003
Submissions
PDF
438KB
This. structural reduction in nominal interest rates has been principally a result of the transition. ... much stronger position to compete than first-time buyers. 2. 5. Mortgage interest rates have been relatively stable at a low rate now for the past.
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-productivity-commission-on-first-home/pdf/inquiry-productivity-commission-on-first-home.pdf